Japan's Oil Crossroads: Canada's Crude a Risky Bet?
Update: 2025-09-18
Description
Is Japan about to ditch Middle Eastern oil? With 95% of its crude imports coming from the region, a wake-up call has Japanese refiners eyeing Canada's oil sands. Alberta is proposing a partnership, even investing in Japanese refineries to handle its heavy crude. But with Japan's oil demand shrinking and refineries needing costly upgrades, is this a viable solution or just wishful thinking?
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